July 28, 2026 06:40 AM GMT Boxer Retail Limited | Europe M Update Trading update | Subdued growth, solid margins AlphaSignals Earnings Reaction Unchanged Modest shortfall Modest revision lower Impact to our thesis Financial results versus consensus Direction of next 12-month consensus EPS Boxer note that double-digit deflation continued for maizemeal, rice and flour during the period. We note that the deflation in these categories are a function of unusually favourable supply dynamics which are likely to ab ...